Official UK procurement notice
TfW Banking Services · UK public procurement notice
Authority: Transport for Wales (Public body)
What is being bought
Published requirement descriptionWe are looking to procure a contract that will deliver the banking services required for Transport for Wales (TfW) and its subsidiary organisations.
TfW intends to award the contract by 1st April 2025. The new banking arrangements must be implemented and fully operational by 1st April 2026.
- Recurrence: Q1 2030
CPV: Banking services
The lotProcurement structure
single lot · no lot value publishedLot #1We are tendering a banking services delivery partner to support Transport for Wales…AwardedRenewal
We are tendering a banking services delivery partner to support Transport for Wales (TfW) and its subsidiary companies. TfW intends to award the contract by 1st April 2025 and the new banking arrangements must be implemented and fully operational by 31st March 2026. The contract will include full provision of money transition services – to include maintenance of bank accounts, cash and cheque handling, payment procession (domestic and international) and other services associated with public sector banking arrangements. An internet banking service for balance/transaction reporting and payment initiation will also be required.
What it takes to wini
How this buyer will score bids.
The evaluation criteria and weights exactly as published on the notice, grouped by family (price, quality, social value and so on).
Evaluation split and conditions of participation as published; the tender pack may add morei
How this buyer will score bids.
The evaluation criteria and weights exactly as published on the notice, grouped by family (price, quality, social value and so on).
Published award criteria (2)
- Quality: 80
- Price: 20
- Suitability
As per Tender Documentation
- Price carries 20 of 100 points: a 10% discount moves about 2 points. The method statement decides this lot, not the discount.
Price arithmetic assumes straight proportional scoring; the tender pack may use another formula.
Procedure terms & legal framework
From the official record · publisher note attached- Procedure method
- Open procedure
- Legal basis
- CELEX · 32014L0024 Public Contracts Regulations 2015 (Directive 2014/24/EU)
- Procurement category
- Services
- Notice status
- Awarded
- Procurement threshold
- Unspecified in notice
- Regulatory regime
- Standard
- Commercial structure
- Stand-alone contract (no framework)
- Competition type
- Competitive procedure
- GPA / WTO covered
- Yes (GPA)
- Recurring procurement
- Yes · Q1 2030
- First published
- 17 Dec 2024, 15:30 GMT
- Last source update
- 26 Mar 2026, 11:54 GMT
- Award evaluation window
- 17 Feb 2025 – …
- Authority reference
C001144.00- FTS notice number
2026/S 000-027846- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-04c8d7Find a Tender
- Electronic trading
- e-invoicing allowed · electronic ordering · electronic payment
Publisher note: Please register your interest in this opportunity via eTenderWales platform using the ITT reference below: itt_115177 project_58276 (WA Ref:163400)
How it was run
Official notice- Submission deadline
- 17 Feb 2025, 12:00 GMT
- Submission channel
- {"electronicSubmission"}
- Accepted languages
- en, cy
- Bid validity
- 90 days from the deadline
- Bids opened
- 17 Feb 2025, 15:00 GMT
Timeline
17 Feb 2025 → 26 Mar 2026 · 4 dates- Submission deadline17 Feb 2025, 12:00 GMT
- Bids opened17 Feb 2025, 15:00 GMT
- Next notice expected1 Apr 2025, 00:00 BST
- Notice published214 days ago26 Mar 2026, 11:54 GMT
Notice history
4 events · 3 releases on Find a Tender · since 17 Jan 2025- Status changed to active17 Jan 2025, 16:14 GMT
- Procurement method changed17 Jan 2025, 16:14 GMT
- Deadline published: 17 Feb 2025, 12:00 GMT17 Jan 2025, 16:14 GMT
- Status changed to complete26 Mar 2026, 11:54 GMT
Commercial outcome & contract awards
Published awards, contracts and bid statistics, not a forecast| Awarded to | Value | Date | Status |
|---|---|---|---|
| HSBC UK BANK PLC | £1 † | — | Awarded |
Contracts
Contract 027846-2026-C001144.00-1 · HSBC UK BANK PLC
- Signed
- 5 Dec 2025
- Value
- £1
- Status
- active
Bid statistics published by the authority
| Bids | SME | VCSE | Valid bid range |
|---|---|---|---|
| 4bids · 4 electronic | 0 | — | — |
Contracting authority & participating public bodies
Dispute resolution & review bodies
- High CourtReview body
Bidders & participating suppliers
1 commercial party on the notice- HSBC UK BANK PLCAwarded supplier
Official documents & specifications (2)
Official links; attachments are not copiedTender pack and attachments
- Economic and financial selection criteria
- Technical selection criteria